what do i think will happen with bitcoin?

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Avatar for financialcrypto
4 years ago

In general, in the articles and videos i read on other social platforms, it is possible to notice that most people, bitcoin enthusiasts, forget about other new projects that are emerging.

Regarding bitcoin, we have long been in a movement called consolidation (when the market is undefined), around 6900 to around 12000.

Many articles, news sites and technical analysts erroneously speculate that bitcoin will rise or it will fall, without realizing that before that happens, it is necessary to first define its tendency.

Curious, that later these same articles, analysts, news sites etc ... go back, when what they think is not consolidated.

This is completely different from other currencies such as chainlink, which are clearly in an upward trend, breaking historical tops and deserve a bullish position.

What is my opinion about bitcoin? Let's wait for the market to first define a clearer trend either by breaking the 12 thousand upwards or breaking down around 6900, in order to maintain a higher position thereafter.

Still, it is possible to position yourself on daily or weekly charts for the trader and take advantage of shorter time swings. For the holder and the person who is starting, the suggestion is to wait.

I also suggest doing the exercise of looking at the horizon and other good projects that have recently emerged and deserve more attention. I promise to talk about them.

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Comments

BTC is based on outdated technology, cannot scale and has no future. The price is artificially inflated and is pure speculation.

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4 years ago

I agree with your first two points despite the implementation of the second layer lightening. I think it has a future as the gold of crypto. So many big money firms investing it and it is easier to transfer than gold bars, plus almost "instant",

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4 years ago

That's a fairy tale. What big companies invest in BTC? The price of BTC would be artificially inflated by Tether, there's nothing behind it.

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4 years ago

Yeah BTC hit $9.5k yesterday. I think the halving will keep pushing it higher and post lockdown as the USA and other economies open back up. Positive outlook imo.

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4 years ago